Posted on September 30 2020
Over the past years, the move to provide the tax benefits on 40% of the maturity value of the investments in the National Pension System (NPS) has substantial with the distribute segment of the NPS which has grown by 100% .
Acknowledging this, the PFRDA Chairman Hemant Contractor said that the new tax benefits provision has drawn a lot of distribute investors to the NPS. The total AUM of the NPS stands at Rs 1.38 lakh crore; of which Rs 3,000 crore are from distribute assets.
Numbers of huge subscribers including those who had subscribed for the NPS/Swavalamban is more than the number of the government employees who have subscribed for the NPS.
Government subscribers compose less than 40% in the terms of numbers in the NPS. Though in the terms of the value, they subsidize around 87% of the total AUM of the NPS which currently stands at Rs 1.38 lakh crore.
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